The EUR/USD pair has been experiencing a sharp decline since peaking near the key psychological resistance level of 1.2000 in late January, retreating significantly over the following months.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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Gold is attempting to stabilize near the 200-day EMA, but any meaningful rebound depends on US yields falling and headline risk easing.
USD/CAD remains bullish near 1.3950, but the major 1.40 resistance zone could trigger profit-taking if US yields begin to ease.
Silver remains noisy around the 200-day EMA, with falling US yields potentially helping buyers reclaim $70 and target $73.50.
Bitcoin is stabilizing near the $60,000 support zone as calmer US yields help buyers defend the market, though $65,000 remains the key upside trigger.
Bitcoin is attempting a short-term rebound, but weak technicals, ETF outflows, and upcoming US CPI data keep the broader bearish outlook intact.
AUD/USD remains bearish as strong US jobs data, rising Fed hawkishness, and a stronger US dollar push sellers toward the 0.6950 target.
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EUR/USD is testing key support near 1.1500, with upcoming ECB and US CPI releases likely to determine whether the recent bearish trend extends toward 1.1400.
USD/CHF remains bullish as rising US yields and the interest rate differential support the dollar, with pullbacks near 0.7950 likely to attract buyers.
AUD/USD remains under pressure after hotter-than-expected US jobs data lifted yields, with rallies near 0.71 likely to attract sellers unless buyers reclaim 0.72.
AUD/JPY is correcting after breaking below the 50-day EMA, but the broader carry trade still favors buying value on signs of a bounce.
USD/HUF rallied on higher US yields, but the broader outlook remains bearish as traders look for exhaustion signals near key resistance levels.
With losses exceeding 3%, gold prices faced heavy selling pressure during last Friday's trading session. This pulled the price of the yellow metal down